Recital 34

(34) The Authority should also be able to settle disagreements between financial supervisors concerning the measures to be taken in relation to a non-selected obliged entity in the financial sector. In order to ensure constructive cooperation, the Authority should in the first instance attempt to resolve the disagreement through a conciliation phase with a set time limit. In the event that the conciliation phase does not achieve the desired results, the Authority should be able to adopt a binding decision requiring those supervisors to take specific action or to refrain from certain action, in order to settle the matter and to ensure compliance with Union law.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.